You can reclaim overpaid income tax and you will National Insurance coverage So, really does College student Money count while the earnings? Zero, their Figuratively speaking don’t matter due to the fact taxable earnings from the Uk, and that means you don’t have to spend income tax to them. Rather than taxable income, non-nonexempt money doesn’t matter to your Personal Allowance, so don’t be concerned from the these tipping your across the threshold.